NHRS approves $50m commitment

The US public pension has backed a distressed debt vehicle.

Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $9.4 billion
Allocation to alternatives: 29%

New Hampshire Retirement System has approved a $50 million commitment to CVI Credit Value Fund V, as mentioned during the institution’s October 2020 investment committee meeting.

The commitment is a re-up with one of the pension’s existing managers, CarVal Investors. NHRS has made previous commitments to CVI Credit Value Fund IV and CVI Credit Value Fund III.

As illustrated below, the pension’s recent commitments have been to senior and distressed debt vehicles. All recent commitments have been in the corporate sector.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.